Policy Brief: The International Adoption of Ethical Business Regulation

Policy Brief: The International Adoption of Ethical Business RegulationRuth S2018-05-31T13:47:45+00:00

This Policy Brief is the latest in a series on Ethical Business Practice (EBP) and EthicalBusiness Regulation (EBR). It summarizes current thinking on these topics, based on aConference held at Wolfson College, Oxford on 4 May 2018. Big thanks to all who contributed.

An excerpt

What are ethical business practice (EBP) and ethical business regulation (EBR)?

2018 FLJS Report – The International Adoption of Ethical Business Regulation – by Christopher Hodges and Ruth Steinholtz

The key concept behind ethical business practice and regulation is a focus on ‘doing the right thing’ by creating an efficient, ethical culture based upon
values, and consistent reinforcement and application of those values. Constructive inquiry through conversations to determine what is the right thing to do underpins the approach, as does fair, honest, and open feedback, without seeking to blame, for continuous improvement. The model also postulates full cooperation between ethical businesses and regulators based on a respectful, responsible relationship rather than an adversarial relationship or one focused on the attribution of blame.